Exodus Movement, Inc. announced its unaudited results for the first quarter ended March 31, 2025, on May 12, 2025. The company reported total revenues of $36.0 million, representing a 24% increase compared to the same period last year.
Despite the strong revenue growth, Exodus reported a net loss of $12.9 million in Q1 2025, a shift from net income of $54.8 million in Q1 2024. This change was primarily driven by $33.9 million in net unrealized losses on digital assets, contrasting with $52.8 million in net unrealized gains in the prior year period.
The exchange aggregation business saw revenue increase by 26% year-over-year to $33.8 million, with XO Swap contributing approximately 30% of total swap volume and 17% of revenue. The company maintained a strong balance sheet with $238 million in digital and liquid assets, including 2,011 Bitcoin, as of March 31, 2025. Operating expenses also increased significantly due to growth initiatives and M&A evaluation costs.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.